Rent arrears cause half of repossessions
by Christopher Evans
Almost half of all repossessions by landlords are due to non payment of rent, according to research from the National Landlords Association (NLA).
The survey showed that rent arrears
were the cause of 47 per cent of evictions, with anti-social behaviour by tenants accounting for 23 per cent.
Separate figures from the NLA revealed that one-fifth of private residential landlords had tenants who owed rent during the second quarter of this year.
"Gaining possession can be very costly for landlords, especially when it is related to rental arrears," said David Salisbury, chairman of the organisation.
"Many landlords have mortgages to pay on top of the expense of gaining possession. One-third of landlords have reported paying between £250 and £1,000 to have tenants removed."
Landlords need to issue a Section 8 eviction notice
to tenants if they wish to repossess the property because of rental arrears.
- Landlord and Tenancy News from Lawpack: How to evict tenants for rent arrears with our solicitor-approved Section 8 Notice
Published on: August 17, 2010
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